Current Affairs update-23 April 2017

1. International Mother Earth Day was observed on April 22 worldwide.

This year’s campaign is all about environmental & climate literacy.

Each year, Earth Day—April 22—marks the anniversary of the birth of the modern environmental movement in 1970.

Background: 

After witnessing the ravages of the 1969 massive oil spill in Santa Barbara, California, USA,  U.S. Senator from Wisconsin Gaylord Nelson came with the idea of infusing energy of a mass movement (he was inspired by the student anti-war movement) with an emerging public consciousness about air and water pollution.   It would force environmental protection onto the national political agenda. The idea for a national day to focus on the environment came to known as Earth Day.,

It would force environmental protection onto the national political agenda. The idea for a national day to focus on the environment came to known as Earth Day.,

The idea for a national day to focus on the environment came to known as Earth Day.

Senator Nelson announced the idea for a “national teach-in on the environment” to the national media; persuaded Pete McCloskey, a conservation-minded Republican Congressman, to serve as his co-chair; and recruited Denis Hayes from Harvard as national coordinator. Hayes built a national staff of 85 to promote events across the land. April 22, falling between Spring Break and Final Exams, was selected as the date.

On April 22, 1970, 20 million Americans took to the streets, parks, and auditoriums to demonstrate for a healthy, sustainable environment in massive coast-to-coast rallies.

Source:

2. The Haryana Government has given the second extension of six months to Jha commission to complete its investigation into the conspiracy angle in the violence that occurred during the Jat quota stir in February 2016.

The commission comprises Justice SN Jha (retired), a former chief justice of the Jammu and Kashmir high court, as its chairman, and NC Padhi, IPS(retired) as its member.been extended for another six months, from April 8,

With this extension, now the commission has time from April 8, 2017 to October 7, 2017 to probe the conspiracy.

The commission was set up in April 2016 exclusively to probe conspiracy, if any, behind the violence.

Earlier, the Prakash Singh Committee had examined the role of officers during the agitation and violence.

Source: http://indianexpress.com/article/india/february-2016-jat-quota-violence-jha-panel-gets-second-extension/

3. Payments technology company and soon-to-be-launched payments bank Fino Paytech to help National Bank for Agriculture and Rural Development (NABARD) digitise rural banks across 5 states.

Fino will assist the digitisation drive in the states of Haryana, MP, Bihar, Gujarat and Maharashtra.

Fino will provide over 5000 Aadhaar enabled micro ATMs and financial inclusion gateway services to district central cooperative (DCC) banks and Primary Agricultural Credit Societies (PACS) across these states.

Source: http://economictimes.indiatimes.com/industry/banking/finance/banking/fino-paytech-to-help-nabard-digitise-rural-banks-across-5-states/articleshow/58238442.cms

4. Au Financiers India, a non-banking finance company (NBFC), has converted itself into a small finance bank by the name AU Small Finance Bank.

AU obtained a fresh certificate of incorporation from the Corporate Affairs Ministry on April 13 and the Reserve Bank of India on April 19 notified the commencement of operations of this small finance bank.

AU started out as an NBFC and was engaged in the business of extending commercial/personal vehicle loans, micro, small and medium enterprise (MSME) loans and SME loans, serving primarily the low-, middle-income, and under-served customer segments.

As an NBFC, AU had a network of 300 branches spread across 10 States — Rajasthan, Maharashtra, Gujarat, Madhya Pradesh, Punjab, Delhi, Haryana, Himachal Pradesh, Chhattisgarh and Goa.

Small Finance Banks

Small Finance Banks are a type of niche banks which are specially created to serve banking services in unbanked and under-banked regions in the country.

In the Union budget 2014-2015 presented on July 10, 2014, the Hon’ble Finance Minister announced to develop such banks and are contemplated to meet credit and remittance needs of small businesses, unorganised sector, low-income households, farmers and migrant workforce.

Source:

5. The Reserve Bank of India signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with Bank of Guyana.

The Reserve Bank has entered into Memorandum of Understanding, Letter for Supervisory Co-operation and Statement of Co-operation with supervisors of a few countries to promote greater co-operation and share supervisory information. With this RBI has signed 40 such MoUs, one Letter for Supervisory Co-operation and one Statement of Co-operation.

Supervisory Cooperation and Exchange of Supervisory Information

The Basel Committee on Banking Supervision (BCBS) is the primary global standard setter for the prudential regulation of banks and provides a forum for cooperation on banking supervisory matters. Its mandate is to strengthen the regulation, supervision and practices of banks worldwide with the purpose of enhancing financial stability.

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6. The government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds 2017-18 – Series I (“the Bonds”).

Applications for the bond will be accepted from April 24, 2017 to April 28, 2017.

The Bonds will be issued on May 12, 2017.

The Bonds will be sold through Scheduled Commercial Banks (excluding RRBs), designated Post Offices (as may be notified), Stock Holding Corporation of India Ltd (SHCIL) and recognized stock exchanges viz., National Stock exchange of India Limited and Bombay Stock Exchange Ltd.

The Bonds shall be denominated in units of one gram of gold and multiples thereof.

Minimum investment in the Bonds shall be one gram with a maximum limit of subscription of five hundred grams per person per fiscal year (April – March).

Investment in the Bonds shall be eligible for Statutory Liquidity Ratio (SLR).

The Bonds shall be repayable on the expiration of eight years from May 12, 2017, the date of issue of Gold bonds. Premature redemption of the Bond is permitted from

Premature redemption of the Bond is permitted from the fifth year of the date of issue on the interest payment dates.

Source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=10939&Mode=0

7. India has won elections to two subsidiary bodies of a UN organ focussed on social and economic issues.

India along with 12 other members was elected to the Committee for Programme and Coordination (CPC), a subsidiary body of the UN Economic and Social Council (ECOSOC).

The 13 members elected for three-year terms, beginning January 2018. include Burkina Faso, Iran, Japan, Pakistan, Belarus, Bulgaria, Moldova, Brazil, Chile, Cuba, the United Kingdom and

Other members include Burkina Faso, Iran, Japan, Pakistan, Belarus, Bulgaria, Moldova, Brazil, Chile, Cuba, the United Kingdom and the United States.

India, along with 19 other nations, was also elected by acclamation to the International Narcotics Control Board for a four-year term beginning January 2018.

Source: http://www.thehindu.com/news/international/india-wins-elections-to-two-un-subsidiary-bodies/article18181388.ece

8.  First ‘India Indonesia Energy Forum’ held in Jakarta.

On this occasion, a Memorandum of Understanding between the Ministry of Petroleum and Natural Gas, Government of India and the Ministry of Energy and Mineral Resources of the Republic of Indonesia on cooperation in the field of Oil and Gas was signed.

The MOU seeks to establish a cooperative institutional framework to facilitate and to enhance bilateral cooperation in the field of oil and gas sectors on the basis of equality and mutual benefit.

India is the third largest importer of coal from Indonesia. India’s imports of coal from Indonesia amounted to US$ 3.5 billion in 2016.

Source: http://pib.nic.in/newsite/PrintRelease.aspx?relid=161220

9. The World Bank, in its latest report, said that the remittances to India drop to 8.9% in 2016.

However, India retained the top spot among remittances receiving nations, according to the report.

According to the report, remittance to the South Asian region declined by 6.4% in 2016 in the face of lower oil prices and fiscal tightening in the GCC countries. “Nationalisation” policies aimed at lowering the unemployment rate of nationals have slowed employment of foreign workers, impacting remittance flows to South Asia, the report said.

Source: http://www.livemint.com/Politics/AO8irc39Vh6pDcRoHgoOTN/Remittances-to-India-dropped-by-nearly-9-in-2016World-Bank.html

10. Minister of State (Independent Charge), Labour & Employment Shri Bandaru Dattatreya gave away ‘NSCI Safety Awards’ for the year 2016 to 70 organisations.

The NSCI Safety Awards are coveted national level awards in the field of Workplace Safety, Health and Environment and given in recognition of establishing effective Safety Management System and excellent safety & health performance by the organisations in Manufacturing, Construction and MSME Sectors during the relevant assessment periods. These Awards are adjudged and declared every year by the National Safety Council.

National Safety Council is a self-supporting non-profit autonomous society, set up by the Ministry of Labour and Employment, Govt. of India on 4th March 1966. Its aim is strengthening a national movement on Safety, Health & Environment to prevent and mitigate a loss of life, human suffering & economic losses and provide support services.

As part of the Council’s services, it has been operating Safety Awards Scheme at the national level for three sectors viz. industrial undertakings (Manufacturing Sector), Construction Projects (Construction Sector) and Micro, Small and Medium Enterprises (MSME Sector). The main objective of the scheme is to provide national recognition to the organisations which have achieved and sustained a meritorious performance in Occupational Safety & Health (OSH) and for implementing effective OSH management systems, practices and procedures.

Read the full list of Winners of the NSCI Safety Award 2016.

Source:

 

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